Initializing When Starting Fresh
When you have no inventory data to rely on for the PC initialization process, you can create data by:
• Receiving inventory, for example, through QAD unplanned receipt functions to create transactions.
• Using inventory data from the prior period.
For example, if you initialize with an effective date of December 31, you can keep the GL periods open in QAD entity programs. You create the periods, then do an unplanned receipt for inventory.
For production, you can create work orders, simulate the processing of the orders. then post operation transactions so that there is data up to the effective date. You then close GL in QAD entity programs, and run Periodic Costing Initialization with a Dec 31 effective date.
You can load inventory from period before the initialization with regular programs or load inventory into the first PC period, valued at whatever cost you come up with for the period.